United Airlines Holdings, Inc. (NASDAQ:UAL) Position Lowered by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,872 shares of the transportation company’s stock after selling 821 shares during the quarter. Private Advisor Group LLC’s holdings in United Airlines were worth $1,892,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UAL. Principal Securities Inc. acquired a new position in shares of United Airlines in the 4th quarter valued at about $256,000. AGF Management Ltd. bought a new position in shares of United Airlines during the fourth quarter valued at approximately $452,000. Dimensional Fund Advisors LP raised its position in shares of United Airlines by 24.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after purchasing an additional 812,257 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of United Airlines by 11.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,212 shares of the transportation company’s stock worth $463,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in United Airlines by 15.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 186,622 shares of the transportation company’s stock valued at $7,377,000 after purchasing an additional 25,360 shares during the period. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on UAL. Citigroup increased their target price on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Redburn Atlantic upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Thursday, June 6th. TD Cowen upped their target price on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and lifted their price target for the company from $54.00 to $65.00 in a report on Wednesday, May 29th. Finally, Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Friday, May 17th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $71.68.

United Airlines Trading Up 1.1 %

Shares of UAL stock opened at $50.22 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. The stock has a 50-day simple moving average of $44.38 and a 200 day simple moving average of $47.26. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $56.17. The stock has a market capitalization of $16.51 billion, a P/E ratio of 6.21, a P/E/G ratio of 1.02 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter in the previous year, the company posted $5.03 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post 9.73 earnings per share for the current fiscal year.

United Airlines Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.